According to a new market report
published by Stratistics MRC the Global
Commercial Aircraft Lighting Market is valued at $4.63 billion in 2014 and is expected to grow at a CAGR of 27.3%
to reach $25.07 billion by 2022. The demand
environment for air travel remains broadly positive, supported by recent
improvements in the global economy, including in advanced markets like the US.
It is estimated that the demand for air travel will likely double by 2035. Railways
and roads are the dominant means of transport carrying more than 90% of total
traffic generated and acts as restraining factor for the market.

Market Segmentation

Global Commercial Aircraft Lighting market is
segmented by aircraft
type into wide body aircraft, very large aircraft, regional
transportation aircraft and narrow body aircraft. The narrow body aircraft
market has the highest potential to grow in the lighting market. The key reason for this growth is the preference for
narrow-body aircrafts by operators that need low-cost carriers in order to fly
short-distance routes efficiently.

Based on product type, the market is segregated into lavatory light, floor path lighting
strips, exterior lights, ceiling and wall lights, signage light, and reading
lights. Reading lights segment is expected to be maximum revenue generator
among different types of lights used in the aircraft lighting. Based
on technology, the market is
categorized into custom controlled
lights, Light-Emitting Diode (LED), Organic Light-Emitting Diode (OLED), photolumnescent
lights, and traditional lighting systems. The technology is shifting towards
LED technology, which is providing a visible difference between newer and older
generation aircraft.

Aircraft are moving
towards smarter LED lighting systems for benefits such as increased efficiency,
better control, less low power consumption, and longer lifespan.By 2022, the aviation industry is anticipated to see the
usage of OLEDs for ambient lighting and miniaturization of reading lights into
smaller LED openings, hiding into ceiling panels.

This report also covers trends driving each segment and offers analysis
by geography, with key regions such as North America, Europe, Asia Pacific and
Rest of the World. A huge demand is expected for aircraft lights in the Asia-Pacific
region accounting for a market share of 30%, primarily due to increasing
deliveries of A380, A350 XWB, B787 Dreamliner, B747-400S and many other
LED-integrated aircraft models. Increased air
travel and rising demand for very large aircraft are the factors driving the market growth.
More than half of the growth in passenger travel occurred on airlines in
emerging markets including Asia-Pacific and the Middle East.